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AXT Inc. Message Board

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  • dreamerultra dreamerultra Feb 24, 2010 12:05 AM Flag

    0.33 earnings * 15 P/E = $5 share

    GGGL I think you are right on the money, when I look at the stock price last support before the earnings was $2.80. Seems to me that people were looking at the Q3'09 earnings and saying Ok AXT can earn 28 cents and then slapping a 10x multiple to get to $2.80.

    Take that line of reasoning and now AXT earns say 33 cents in 2010, that now maybe it is worth 15 x with the great growth rate and you get $5.00...

    But this essentially values at $0 all of the following things: JV's, $35M cash, proprietary technologies (VGF, 6" capabilitiies), china advantages, capacity available..this should be another $3 to $5 PS in my view. Gets you to $8 bucks or so this year! Conservatively.

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